Fair enough, eBay's (EBAY) deal for Skype hasn't panned out and there are more writedowns coming. Was it a mistake though? In other words, was there anything we knew at the time that would have let you to believe that Skype wasn't worth what eBay paid for it?
My view, and I said it succinctly two years ago in a post, "Color me baffled". And I remain baffled at the deal given the absence of synergies, and poor performance to-date (judging by the performance payouts).
But ... who really cares? eBay is still motoring along, and this is lots of reason to be optimistic about the auction company's future. Over-focusing on the lamentable (and lost past) Skype deal strikes me as a mistake.
